Bitcoin in Singapore: A Light-Touch Approach to Regulation

72 Pages Posted: 23 Apr 2014 Last revised: 23 Aug 2014

See all articles by Pak Nian Lam

Pak Nian Lam

National University of Singapore (NUS) - Faculty of Law

Date Written: April 11, 2014

Abstract

Bitcoin is a novel digital currency which is slowly gaining visibility. This paper sets out to answer some basic questions: What is it? How does it work? What are the risks? It introduces the Bitcoin technology, considers the call for regulation and answers it with a light-touch approach which bears the big picture in mind: looking at the micro, macro and international views of Bitcoin regulation while at the same time not quashing innovations like Bitcoin with heavy-handed regulation of manageable risks.

Keywords: bitcoin, virtual currencies, banking, consumer protection, regulation

Suggested Citation

Lam, Pak Nian, Bitcoin in Singapore: A Light-Touch Approach to Regulation (April 11, 2014). Available at SSRN: https://ssrn.com/abstract=2427626 or http://dx.doi.org/10.2139/ssrn.2427626

Pak Nian Lam (Contact Author)

National University of Singapore (NUS) - Faculty of Law ( email )

469G Bukit Timah Road
Eu Tong Sen Building
Singapore, 259776
Singapore

HOME PAGE: http://www.lampaknian.com/

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